My forecast for the next 6 bailouts–Things for bulls to consider

Nov.20, 2008 in Market Outlook

-If the Auto Industry fails, we will finally technically be in a depression. Yes I know the Fed numbers…but they are lying and you should know this by now you silly wabbit.

-Health care will soon fail. Sick Americans can’t produce as well, that will be a bailout.

-State workers will need to get paid. Imagine your workday on Wall Street with no plowed roads, no fixed trains, elevators, highways, etc…another bailout.

-Consumer debt will default, many people I personally know could put about 6 months of mortgage payments on their CC…what about after that?

-Education will take a major hit. Less college admits, less grads, less high school graduates. All making people very very upset.

-Last but not least, 3 yr. arm loans and other “sophisticated loans” will come due. Expect it.

Seriously now, do you actually think these situations are conducive to paying down the debt on over 13 trillion dollars of compounding debt?

I’m an optimist at heart…but d***, I know when to jump a sinking ship.

FORGET TECHNICAL ANALYSIS.

If you think any markers or situations of the past can guide you in this market, please just give your money to charity or your local in need.

Better off in their hands than the snakes running the markets.

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